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bird_man
#151 Posted : Thursday, January 20, 2011 11:44:56 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
@PKoli & Layman....thanks.Anyone with idea of the average prices?
Formally employed people often live their employers' dream & forget about their own.
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PKoli
#152 Posted : Thursday, January 20, 2011 12:02:25 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
bird_man wrote:
@PKoli & Layman....thanks.Anyone with idea of the average prices?


The register is now closed until they finish the rights issue and prepare share certificates. Before the rights issue, the share was going for KES 38. The share was KES 27 rights price. I guess, it will be slightly over KES 30 when they start trading. I will offer mine at no less than KES 50 a piece.
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bird_man
#153 Posted : Thursday, January 20, 2011 12:10:47 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
@PKoli....I only applied for a few at 27sh.I hope I will get some more at less than 40sh.It is a stock I would love to accumulate before listing on NSE(I hope 2013) or so....but with guys like you at 50sh!Tunaomba serekali ingilie!
Formally employed people often live their employers' dream & forget about their own.
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PKoli
#154 Posted : Thursday, January 20, 2011 3:42:06 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
bird_man wrote:
@PKoli....I only applied for a few at 27sh.I hope I will get some more at less than 40sh.It is a stock I would love to accumulate before listing on NSE(I hope 2013) or so....but with guys like you at 50sh!Tunaomba serekali ingilie!


@bird_man

Polepole mzee, you will be there. I started buying CIC during their first private placement. I have been adding slowly and so I have to reap handsomely from my patience. Whereas 50 bob looks high, going forward, we might be heading to KES 100 factoring in the rights shares.
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jerry
#155 Posted : Thursday, January 20, 2011 8:34:07 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Was there a timeline on when to declare the results of the rights issue?????
The opposite of courage is not cowardice, it's conformity.
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madebe
#156 Posted : Friday, January 21, 2011 9:35:34 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
yes. 15 th january 2011
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Mkimwa
#157 Posted : Wednesday, March 09, 2011 10:48:44 AM
Rank: Member

Joined: 10/26/2008
Posts: 380
CIC PBT up 117% from Sh277m to Sh605m.

PAT up from Sh236 millionSh486 million."

If we take Total Income to mean PAT, that is impressive growth. Assuming about 50m shares, that is an EPS of about 9.72shs. At the Rights price of Sh.27, then we have a P/E ratio of 2.78.

Even better, they will be looking to list in 2012.

I like this share.

I have been looking for the results in the newspaper today, couldnt see them, anyone with a link to the actual results (not what nation said about them)..
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youcan'tstopusnow
#158 Posted : Wednesday, March 16, 2011 8:15:10 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Co-op Bank buys CIC Insurance stake on the cheap
http://www.businessdaily...-/14ctel8z/-/index.html
The revelation is set re-ignite debate among the firm’s shareholders who had argued that the bank had received preferential treatment while negotiating the deal to acquire the additional shares.

Co-operative bank, it turns out, cut itself a remarkably good deal by buying a share at Sh22.50 yet the insurance firm had been freshly valued at Sh35
GOD BLESS YOUR LIFE
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PKoli
#159 Posted : Wednesday, March 16, 2011 12:31:54 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Mkimwa wrote:
CIC PBT up 117% from Sh277m to Sh605m.

PAT up from Sh236 millionSh486 million."

If we take Total Income to mean PAT, that is impressive growth. Assuming about 50m shares, that is an EPS of about 9.72shs. At the Rights price of Sh.27, then we have a P/E ratio of 2.78.

Even better, they will be looking to list in 2012.

I like this share.

I have been looking for the results in the newspaper today, couldnt see them, anyone with a link to the actual results (not what nation said about them)..



This is fantastic results for CIC. I do not regret having jumped in earlier on and it looks I will stay in a little longer. I do not think they have published results, or have audited results yet.
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PKoli
#160 Posted : Wednesday, March 16, 2011 12:36:16 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
youcan'tstopusnow wrote:
Co-op Bank buys CIC Insurance stake on the cheap
http://www.businessdaily...-/14ctel8z/-/index.html
The revelation is set re-ignite debate among the firm’s shareholders who had argued that the bank had received preferential treatment while negotiating the deal to acquire the additional shares.

Co-operative bank, it turns out, cut itself a remarkably good deal by buying a share at Sh22.50 yet the insurance firm had been freshly valued at Sh35


I think in the whole equation CIC stands to benefit since they will not be required to open costly branches. They will simply use Coop bank's expansive branch network to sell their products. Given that Coop is planning for expansion outside the country, this will serve CIC very well. As a shareholder of CIC, I have nothing to complain about the deal.
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